How PhonePe's Indus Appstore plans to take on Google Play Store
Developers are desperate for an alternative, says PhonePe founder and CEO Sameer Nigam.
Developers are desperate for an alternative, says PhonePe founder and CEO Sameer Nigam.
A further 70 unicorns were started by Indian co-founders outside of India, taking the total to 138 unicorns founded by Indians around the world, says Hurun’s Global Unicorn Index 2023
The firm claims that the investment is among the largest globally in the sports tech sector. In March this year, it raised $400 million in secondary investment at a valuation of about $5 billion.
“In 2013-14, we got rejected by 150 VCs. We got better with every rejection. VCs are always meeting the smartest people. They know what they are talking about.”
India last experienced such a burst during defining moments such as Independence or the reforms of the 90s. With enormously influential firms, they are truly the Tatas and the Bajajs of the 2000s.
Dream11 is India’s first gaming unicorn, and claims to be the world’s largest fantasy sports platform with over 100 million users.
As most recent sporting events are expected to take place with limited or no in-stadia audience, digital engagement platforms like fantasy sports will play a pivotal role in driving fan engagement.
India is one of the fastest-growing markets for fantasy sports; the partnership runs till the end of 2023-24 season.